Tuesday, December 05, 2006

November recap

At the close of last week, I was down 28.5R, dead even from where I was
in my last recap after Nov Wk1, but up slightly since the beginning of
November, which is kind of a bummer with this strong market we've had.
I was up over 4R at one point, but the last week of the month brought me
back down. All my stocks have been acting well and I have reduced my
trading frequency.

Closed or sold part of 8 stocks in Nov:
CTRN gain 1.2R
MCRS lost 1.2R
WSTG lost 0.5R
MIKR gain 1.9R sold 1/2 pos at 20% gain
HMSY lost 0.8R stopped out at -9%
AOB gain 1.6R sold 1/2 pos at 20% gain
ULTI lost 0.5R failed ot break out, sold at -4%
UCTT broke even, sold 1/2 pos 1st day after failed to break out

I only opened 5 positions in November, compared to 13 in October, and I
am still holding 3 positions from October. Overall, I think things are
good. I am trading less, letting stocks run longer, and 4 of my 6
stocks are in positive territory. Everything I bought was at a proper
buypoint and done at open, and I have not sold anything unless it failed
to breakout or reached a profit target.

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